OPEN-SOURCE SCRIPT
[KVA] Extremes Profiler
[KVA]Extremes Profiler is a specialized indicator crafted for traders focusing on the relationship between price extremes and moving averages. This tool offers a comprehensive perspective on price dynamics by quantifying and visualizing significant distances of current prices from various moving averages. It effectively highlights the top extremes in market movements, providing key insights into price extremities relative to these averages. The indicator's ability to analyze and display these distances makes it a valuable tool for understanding market trends and potential turning points. Traders can leverage the Extremes Profiler to gain a deeper understanding of how prices behave in relation to commonly watched moving averages, thus aiding in making informed trading decisions
Key Features:
Extensive MA Analysis: Tracks the price distance from multiple moving averages including EMA, SMA, WMA, RMA, and HMA.
Top 50 (100) Distance Metrics: Highlights the 50 (100)greatest (highest or lowest) distances from each selected MA, pinpointing significant market deviations.
Customizable Periods: Offers flexibility with adjustable periods to align with diverse trading strategies.
Comprehensive View: Switch between timeframes for a well-rounded understanding of short-term fluctuations and long-term market trends.
Cross-Asset Comparison: Utilize the indicator to compare different assets, gaining insights into the relative dynamics and volatility of various markets. By analyzing multiple assets, traders can discern broader market trends and better understand asset-specific behaviors.
Customizable Display: Users can adjust the periods and number of results to suit their analytical needs.
Key Features:
Extensive MA Analysis: Tracks the price distance from multiple moving averages including EMA, SMA, WMA, RMA, and HMA.
Top 50 (100) Distance Metrics: Highlights the 50 (100)greatest (highest or lowest) distances from each selected MA, pinpointing significant market deviations.
Customizable Periods: Offers flexibility with adjustable periods to align with diverse trading strategies.
Comprehensive View: Switch between timeframes for a well-rounded understanding of short-term fluctuations and long-term market trends.
Cross-Asset Comparison: Utilize the indicator to compare different assets, gaining insights into the relative dynamics and volatility of various markets. By analyzing multiple assets, traders can discern broader market trends and better understand asset-specific behaviors.
Customizable Display: Users can adjust the periods and number of results to suit their analytical needs.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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